PI NETWORK UNLOCKS REFERRAL REWARDS WITH KYC CONDITION

Pi Network has launched its Second Migration Phase, allowing verified users to transfer referral mining rewards to the mainnet, requiring referral members to complete KYC verification for eligibility.

Over 119,000 users have completed the second migration phase, and referral rewards are calculated based on individual mining sessions and verified activity records.

The rollout is gradual to ensure accurate verification of mining and referral activity, with users required to enable two-factor authentication before any transfer to the mainnet.

Pi Network has officially started its Second Migration Phase, allowing users to transfer referral mining rewards to the mainnet after completing KYC checks and enabling two-factor authentication. This phase expands access to deeper participation in the Pi Network ecosystem and requires stricter compliance measures to ensure reward accuracy and system integrity.

The referral rewards are contingent on referral members completing KYC verification, making it a critical step for users who want to maximize their transferable balances. Calculating these rewards involves a detailed review of each user's mining sessions and referral activity, leading to a controlled and phased rollout.

To enhance security, users must enable two-factor authentication on their Pi Wallet before any migration. This step is part of the Mainnet checklist to protect accounts before funds are moved, as blockchain transactions are irreversible.

What is the purpose of Pi Network's Second Migration Phase?

The Second Migration Phase aims to unlock referral mining rewards for verified users by transferring them to the mainnet. This phase builds on the initial migration and expands user participation in the Pi Network ecosystem. By allowing users to move additional balances, including referral bonuses, the network encourages broader engagement and real-world utility for Pi.

The process requires referral team members to complete KYC verification, ensuring compliance and fair distribution of rewards. Users who built large referral teams during earlier mining periods are now impacted directly by the verification status of their team members.

How does the referral reward verification work in the Second Migration Phase?

Referral rewards are calculated based on individual mining sessions and verified activity records. The system must verify each reward before recording it on-chain, ensuring that only eligible balances are transferred. This verification process is complex and requires a detailed review of each user's mining and referral activity.

The rollout is slow and controlled to ensure accuracy and fairness in reward distribution. The development team explained that the extended preparation time is necessary due to the complexity of verifying each referral's activity.

What security measures are in place for the Second Migration Phase?

To enhance security, users must enable two-factor authentication on their Pi Wallet before any transfer to the mainnet. This step is part of the Mainnet checklist and helps protect accounts before funds are moved. Blockchain networks cannot reverse transactions, so once Pi is sent to a wallet, the transfer cannot be undone.

Users may also need to link a trusted email address to complete setup. These security steps may feel slow but help prevent mistakes and protect funds. The network is also building new tools and use cases, such as the Pi Launchpad on Testnet, to increase the token's real-world utility.